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CWENBearishEarningsnews
Materiality pending

Clearway Energy (CWEN) Q1 Earnings Surpass Estimates, Sales Lag

May 9, 2024, 11:01 AM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- CWEN reported a Q1 loss of 2 cents per share, beating estimates. - Total revenues of $263 million missed estimates by 2.6%, down 8.7% YoY. - CWEN signed agreements for solar and wind projects, expecting net income of $90 million in 2024. - Impact Horizon Rating: Short-term - Price Impact Rating: Bearish - Type: Earnings

  • CWEN reported a Q1 loss of 2 cents per share, beating estimates.
  • Total revenues of $263 million missed estimates by 2.6%, down 8.7% YoY.
  • CWEN signed agreements for solar and wind projects, expecting net income of $90 million in 2024.

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